CMSI and Dun & Bradstreet Unveil Small Business Portfolio Monitoring Service; Unique Solution Enables Creditors to Track Changes in Portfolio
COLUMBIA, Md., June 8 /PRNewswire/ -- Companies with large portfolios of small business customers now can monitor and manage these accounts more effectively using a new service developed by Dun & Bradstreet (D&B) and Credit Management Solutions, Inc. (CMSI).
D&B and CMSI's innovative portfolio management service allows businesses to proactively manage individual small-business credit relationships, automate various credit analyses and reporting functions, and effectively seize cross-sales opportunities. It is based on D&B's standard and custom credit scoring services and CMSI's leading data integration and systems capabilities.
"This service automatically flags the small businesses that have a change in risk score," said James R. DeFrancesco, CMSI's President and CEO. "Companies that have declined or have demonstrated significant performance improvement are automatically identified. Financial institutions, businesses and other lending organizations can precisely and aggressively manage risk, target companies with improved risk profiles for cross-sales efforts, and assign staff resources to the accounts that need the most attention using D&B's quality up-to-date information."
The service offers standard and custom management reports, and can forward processed portfolio accounts to a customer's internal data warehouse. The standard monitoring service uses D&B OneScore(TM), a blended credit score introduced by D&B and CMSI in 1997. OneScore combines D&B's comprehensive commercial credit information on a company with consumer credit information about a company's principals and guarantors provided by independent, consumer credit reporting bureaus. Customers can also use custom scorecards to process their internal account performance data with external commercial and/or consumer data. The advanced statistical scorecard provides a business with a personalized view of the changing risk profiles in its small business portfolio.
"Today, the ability to integrate information on a small business and its principals, along with any internal account performance data, is a manual and cumbersome process for many of our customers," says John Carey, Vice President -- Strategic Industries Marketing at D&B. "We are pleased to provide our customers with the first automated and flexible account management service for small-business risk management."
The cost of the service, which will vary depending on the number of small-business accounts and the amount of custom development work selected, can range from an annual charge of $2.50 to $1.00 per account monitored. For more information, please contact D&B at 1-800-727-2382. |
